As of Friday close, Foot Locker Inc.’s (NYSE:FL) stock was up $0.1, moving up 0.39 percent to $25.88. The average number of shares traded per day over the past five days has been 2,566,380 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.39 fall in that time frame. In the last twenty days, the average volume was 2,577,235, while in the previous 50 days, it was 3,044,708.
Since last month, FL stock rose 0.08%. Shares of the company fell to $24.88 on 07/17/23, the lowest level in the past month. A 52-week high of $47.22 was reached on 02/03/23 after having rallying from a 52-week low of $24.44. Since the beginning of this year, FL’s stock price has dropped by -31.52% or -$11.91, and marked a new high 10 times. However, the stock has declined by -45.19% since its 52-week high.
FL stock investors should be aware that Foot Locker Inc. (FL) stock had its last reported insider trading activity 185 days ago on Feb 01. Cipriano Giovanna, the SVP & Chief Accounting Officer of the company, disposed of 25,554 shares for $45.00 on Feb 01. It resulted in a $1,149,930 divestment by the insider. Maurer John A sold 2,000 shares at an average price of $45.07 on Feb 01. The insider now owns 21,221 shares following the transaction. On Jan 26, VP, Treasurer Maurer John A sold 3,500 shares at $42.01 apiece. The transaction was valued at $147,035.
Valuation Metrics
Right now, Foot Locker Inc. (FL) has a P/E ratio of about 9.90. The stock’s beta is 1.22. Besides these, the trailing price-to-sales (P/S) ratio of 0.28, the price-to-book (PB) ratio of 0.74.
The latest dividend of $0.40 per share was paid out, remained unchanged from last year’s $0.40. On Monday February 28 2022, a $0.10 dividend increase was announced.
Financial Health
In the three months ended April 29, Foot Locker Inc.’s quick ratio stood at 0.40, while its current ratio was 1.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending April 29 was 0.14, and the total debt-to-equity ratio was 0.14. On the profitability front, the trailing twelve-month gross margin is 31.10% percent. In the year ended April 29, operating margins totaled 5.20%. Based on annual data, FL earned $2.8 billion in gross profit and brought in $8.76 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.90%. Return on equity (ROE) for the past 12 months was 7.50%.
In Foot Locker Inc.’s quarter-end financial report for April 29, it reported total debt of $445.0 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. FL’s revenue fell -12.64% to $2.35 billion during the quarter, while net income inched up to $1.93 billion. While analysts expected Foot Locker Inc. to report $0.81 quarterly earnings, the actual figure was $0.7 per share, beating the consensus estimate by -13.60%. During the quarter, the company generated $112.0 million in EBITDA. The liabilities of Foot Locker Inc. were 4.36 billion at the end of its most recent quarter ended April 29, and its total debt was $3.12 billion. The value of shareholders’ equity is $93.92 million.
Technical Picture
This quick technical analysis looks at Foot Locker Inc.’s (FL) price momentum. With a historical volatility rate of 32.65%, the RSI 9-day stood at 49.09% on 04 August.
With respect to its five-day moving average, the current Foot Locker Inc. price is down by -1.48% percent or -$0.39. At present, FL shares trade +0.86% above its 20-day simple moving average and -35.33% percent below its 100-day simple moving average. However, the stock is currently trading approximately -4.54% below its SMA50 and -18.57% below its SMA200.
Stochastic coefficient K was 42.42% and Stochastic coefficient D was 52.45%, while ATR was 0.72. Given the Stochastic reading of 42.67% for the 14-day period, the RSI (14) reading has been calculated as 46.77%. As of today, the MACD Oscillator reading stands at -0.11, while the 14-day reading stands at -0.06.
Analyst Ratings
Foot Locker Inc. downgraded its rating on Foot Locker Inc. (NYSE: FL) to a Neutral in a note to investors on May 22, 2023. The analysts firm previously had a Buy rating on the stock.Foot Locker Inc. (FL) has been rated Hold by analysts. According to 2 brokerage firms, FL is a sell, and 14 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Foot Locker Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $30.00, the current consensus forecast for the stock is $22.00 – $50.00. Based on these forecasts, analysts predict Foot Locker Inc. (FL) will achieve an average price target of $32.50.
